New federal mortgage fraud task force subpoenas 11 banks
Servicing/Default
The majority of Americans, 58%, want government action to prevent foreclosures, whereas 34% prefer the housing market resolve its problems on its own, according to a new Gallup poll that shows a sharp divide between Democrats and Republicans on the...
- New federal mortgage fraud task force subpoenas 11 banks
- More CMBS land in special servicing as businesses downsize
- Barclays Capital doubts REO rental program will work
- January consumer sentiment posts 11-month high
- New originations drop 30%, loan delinquencies decline
- D.R. Horton reports $27 million profit for fiscal first quarter
- GDP growth rate of 2.8% for 4Q
- Former Philly Fed chair joins PHH board
- Absorption rates to improve across all property types in 2012
- Ryland Group returns to a profit
- Senate clears $1.2 trillion debt ceiling raise
Dennis Smith has been watching homebuilder numbers in Las Vegas for 23 years, and he hasn’t seen anything like this.
The city, considered the epicenter of the housing crisis, held the highest foreclosure rate for 22 consecutive months until October when a new law went into effect that could land servicers in jail for mishandling foreclosure [...]
- Old mortgages rise from the dead, haunt homeowners Reuters
- Has Obama's housing policy failed? CNN Money
- Florida primary forces GOP candidates to face the dreaded housing question The Washington Post
- Newt Gingrich wants Freddie Mac records released before Florida primary ABC News
- Put Fannie and Freddie on federal books Bloomberg
- Ten predictions for the housing market The Wall Street Journal
- JPMorgan sued by Dexia over $1.7 billion in mortgage-backed securities Bloomberg
- Ex-Hells Angel sent to prison for mortgage fraud San Fransisco Chronicle
- Moody's warns it will likely cut big bank ratings Reuters
- O.J. Simpson faces foreclosure on Miami house USA Today
- Housing: The one bailout America could really use CNN Money
The next time you see a well-dressed, smiling real estate agent glaring at you from an advertising board, remember the carefree persona these days is likely only a mirage.
Look deeper and you will find agents and brokers facing a tsunami of negative economic factors, including low housing demand, uncertainty over...
February 9, 2012
Origination/Lending
Consumer sentiment climbed to an index level of 75 in January, the best reading of the Thomson Reuters/University of Michigan...
Secondary Markets/Investors
The new federal task force led by New York Attorney General Eric Schneiderman sent subpoenas to the 11 largest financial...
Servicing/Default
More commercial mortgage-backed securities loans landed in special servicing at the end of 2011, suggesting the CMBS sector is vulnerable...
